Uchumi Supermarkets is set to explore the e-commerce sector to maximize profit and reduce operational costs, Business Daily reports. Acting chief executive officer Mohamed Mohamed said the supermarket is in the process of creating an online platform in the third quarter of the year. Mr Mohamed was speaking during a
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Kampala has improved in a global survey of the best cities to live in, eclipsing Nairobi that has stagnated in the latest ranking of capitals offering quality life. New York-based consultancy Mercer, in its 2018 quality of living survey, ranks Kenya’s capital at position 186 out of 231 cities. Nairobi held
Read MoreThe U.S. said it plans to suspend duty-free access to Rwandan textile imports because of the African nation’s refusal to lower trade barriers for American-made clothing and shoes, Bloomberg reports. The suspension applies to all AGOA-eligible apparel products from Rwanda in 60 days, the U.S. Trade Representative’s office said in
Read More2018 is promising to be a good year for Ntinda based hang out, Koko Bar. According to sources at the popular night club, the boss, Simon Rusoke has entered a deal with Castle Lite that will see the latter sponsor theme nights on Tuesday, Wednesday, Friday and Saturday. “Even though
Read MoreLuweero Woman MP, Lillian Nakate, who is also the Chairperson on the Parliamentary Committee on Infrastructure, may be impeached from chairing the Committee after a section of lawmakers accused her of incompetence. This is after Nakate allegedly left out a number of issues on Committee report on SGS, a company
Read MoreKenyan opposition figure Miguna Miguna says he was beaten and drugged before being forcibly removed from the country for a second time, the BBC reports. The deportation came hours after a court held top officials in contempt for failing to release him from the airport where he was being held.
Read Moredfcu bank has recorded an impressive Shs127.6bn net profit in the year ended 31 December 2017, up from Shs46.2bn registered in 2016. This means that the profit increased by a record Shs81.4bn. According to the bank’s financial statements released Thursday, dfcu bank registered impressive results on all key performance parameters
Read MoreUmeme Limited has released its financial results for the year ending 31 December 2017 indicating that its net profit reduced to Shs35.49bn, down from Shs138.8bn in 2016. However, its gross profit increased by 8.3% to Shs515.9bn on account of improved distribution margins and continued reduction in energy losses. Umeme says
Read MoreThere was drama during the Parliamentary Finance Committee sitting on Wednesday when the Undersecretary of Finance Ministry, Betty Kasimbazi was thrown out of Parliament after MPs protested what they termed as disrespect from the Ministry. Led by David Bahati, the State Minister for Planning, Ministry of Finance officials had appeared
Read MoreUganda is not among the top 10 investment destinations in Africa, according to the latest Africa Investment Index 2018. Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research
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